Hands: It's a 'Buyers' Market' In Europe

The chairman of Terra Firma says the global recovery is stalling and that private equity is unlikely to emerge from the gloom before the decade's end

By

Ayesha Javed

September 18, 2012 3:16 p.m. GMT

The private equity industry in Europe will remain a “buyers' market” for the rest of the decade, according to the chairman of UK buyout firm Terra Firma, as the number of funds actively able to invest dwindles.

Guy Hands, in his second quarter letter to Terra Firma investors, published last week, wrote: "The unavoidable fact is that the global recovery is stalling, and it is unlikely to be a temporary phenomenon."